NOR norwood systems limited

Ann: Launch of World Phone 2.0 and Corona Cloud 1.0-NOR.AX, page-76

  1. 5,069 Posts.
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    That's partly the point.

    When you don't have the rose coloured glasses on - or Skin in the game - things look a bit different.

    When you see the same announcement a third fourth and fifth time, a variation of "Big Pipeline, great feedback from enterprise client, address market work $$$ millions" some start to wonder.

    Holders seem to think that "this time it will be different" , observers think "wow, yet again".

    For what its worth you can trawl back through my posts, when the stock was last 2.2c (in 2015) and I was saying .. whats the point of their roaming solution, it looked;

    a) expensive
    b) too complicated
    c) relied on horrendously expensive roaming data
    d) not price comparably with roaming packs and inflexible

    and look how that product turned out.

    They have pivoted a few times since, all hinging around the same premise to be fair. Still though, the problem they are trying to solve - in my opinion - is already being addressed, by other more mature providers.

    You can take that as a fence sitter providing commentary, or a summary of the market.

    My challenge to holders who are "investing" fundamentally is to find out the three biggest competitors of NOR's current product suite. Find out what the features are, how they compare and what the prices are. FWIW .. Slack is not one of these


    At that point, it might be possible to place a valuation of some measure of its relative worth. Failing that, every company announcement should be treated as a pre-capital raising advertising brochure IMO.
 
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